Kryptodata

  • Market Cap: $2,690,794,379,348.86
  • 24h Vol: $89,822,688,700.35
  • BTC Dominance: 50.67%
CoinShares: Solana's Year-to-Date Inflows Indicate It Is the Most Adored Altcoin

CoinShares: Solana’s Year-to-Date Inflows Indicate It Is the Most Adored Altcoin

Solana has seen consistent inflows over the past nine weeks, while other crypto investment products have experienced outflows.

Solana investment products have received $26 million worth of inflows since the beginning of 2023, surpassing all other altcoins.

CoinShares’ report suggests that Solana is the “most loved altcoin amongst investors.”

Trading volumes for crypto investment products were 90% above the year-to-date average for the week ending September 1.

Crypto product outflows dropped to $11.2 million, marking a seven-week period of negative sentiment.

Despite the outflows in other crypto products, Solana products have continued to see weekly inflows of $700,000.

Solana’s price has traded mostly sideways since January, but its inflows have remained positive.

Recent positive developments, such as MakerDAO’s proposal and Shopify’s integration of Solana Pay, have contributed to Solana’s inflows.

The Solana network has also shown improvements in performance and reliability.

Solana’s price is up around 95.5% year-to-date but is down 92.5% from its all-time high in November 2021.

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